Mirae Asset Securities preferred shares were strong early on the 26th.
As of 9:32 a.m., Mirae Asset Securities preferred shares were trading at 15,480 won, up 16.04% (2,140 won) from the previous session.
Earlier, Mirae Asset Securities preferred shares hit the upper price limit on the 23rd on favorable brokerage assessments that they are the biggest beneficiary if Elon Musk's space company SpaceX goes public. However, as expectations faded, the stock fell 12.58% on the 24th.
Mirae Asset Group invested $278 million (about 400 billion won) in SpaceX in two rounds in 2022. Mirae Asset Capital created the fund, and affiliates including Mirae Asset Securities and Mirae Asset Venture Investment, as well as retail, participated as limited partners (LPs).
Looking at the investment structure, the market reappraised the fact that Mirae Asset Securities' share of the investment is overwhelmingly large. While Mirae Asset Securities committed about 200 billion won, Mirae Asset Venture Investment's contribution was about 4 billion won.
Ko Yeon-su, an analyst at Hana Securities, said, "Given the actual investment structure and size, the substantial benefit from the SpaceX investment will be concentrated in Mirae Asset Securities, not Mirae Asset Venture Investment."